Canadian mortgage debt has seen explosive growth return, but banks aren’t seeing the benefit. Canadian Bankers Association (CBA) data shows the arrears rate in April was the highest for the month in 12 years. Mortgages in arrears—at least 90 days past due—have nearly doubled to the highest level in over 12 years. Meanwhile, their mortgage […]
Sweet, black gold is flowing again, just as Canada hits peak mortgage renewal season. BMO Capital Markets says the recent Hormuz Strait deal is pulling Government of Canada (GoC) bond yields lower, though fixed-rate borrowers may see little of it. The bank says variable rates still look like the better option. Bank of Canada, Government […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Insolvencies Surge To Second-Highest Level On Record Canadians filed 13,010 insolvencies in April, a 17-year high for the month, only surpassed by April 2009. Consumers drove the growth with 12,580 of those filings, 8% higher than the amount last year. Business […]
Household balance sheets became even more fragile in Q1 2026, according to Statistics Canada (StatCan) data. The agency’s numbers show debt accumulated faster than income for a sixth straight quarter, reversing the brief progress made—though the progress appears to be superficial upon inspection, masking the deeper credit problems. Households now spend nearly 1 in 7 […]
There may be a perfect storm on the horizon, and it’s leaving Canada’s central bank paralyzed. The Bank of Canada (BoC) held its key interest rate at 2.25%, a widely expected move. They warn that the economy faces slow growth and rising inflation—conditions that resemble a stagflation-like threat. BoC Holds Rates On Stagflation-Like Conditions Surfacing […]
Canadians are among the most indebted in the world, but managed to avoid signs of stress—until now. Office of the Superintendent of Bankruptcy (OSB) data shows insolvencies surged in April. Filings for the month just hit the second-highest level on record, driven by consumers. About Today’s Data Today we’re looking at total insolvencies, both consumer […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Taps Leveraged Hedge Funds For Over 40% of New Debt, Warns BoC Canada’s central bank has growing concerns about how the country is financing its debt. In its annual risk report, the Bank of Canada warns that hedge funds are buying […]
Ottawa is boasting of fiscal anchors, but the latest stress test is about to give taxpayers that sinking feeling. This morning, the Parliamentary Budget Officer (PBO) released its 2026 Economic and Fiscal Outlook, reviewing Ottawa’s fiscal projections and the probability of meeting them. The non-partisan agency found the federal plan stands up on paper, but […]
Canada’s central bank is concerned about how the country is financing its debt. The Bank of Canada’s (BoC) latest Financial Stability Report flags the growing role of hedge funds in public bond auctions. They now represent over 40% of new Government of Canada (GoC) bond purchases, often financed with short-term loans secured by GoC bonds […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Home Prices Near Record Highs In All But 2 Provinces What Canadian real estate price correction? The price of a typical home across Canada rose 0.3% to $666,400 in April, with prices rising last month in all but one province. The […]
